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  • #1
  • First Post: Mar 17, 2020 5:13pm Mar 17, 2020 5:13pm
Hi guys ive decided to post what weve been working on, Due to 5 of us developing an EA and a start up company BableFx were looking for investors going forward let me explain a little about us........

Were called BableFx and our website is www.bablefx.com we have developed our EA in house due to us having our own software developer it has taken us much trial and error over the past 18 months give or take we have a team of 5 altogether although were not new to forex were new to going live.

We have tested our EA on demo for 5 weeks now and had constant wins day by day whilst keeping drawdown to a minimal here is a link of the demo account on myfxbook to back up those claims.... http://www.myfxbook.com/members/jmen...V6BmcNU5DPTewi

We have since revised our EA to be more accurate as to when it places trade entries we're at version 1.55 now which is an absolute piece of magic and to be fair its a final product, We went live sunday night 15th March 2020 on a £1000 account myfxbook link ..... http://www.myfxbook.com/members/babl...L0E1wg91rac1YR, We intend to offer our services as investment managers allowing our EA to trade on clients behalf.

BableFx does not accept deposits we work on sending signals to and from your own trading account broker of your choice of course you dont pay anything until you have made a profit with us which you can see from the results is on a daily basis, you are then invoiced for 30% of profits on a weekly basis.

Considering were pretty new to the live market but not actual forex we of course expect people to be sceptical this is why ive provied the links so people can monitor going forward our minimum investment is £500 (which is always kept in your own account we cannot withdraw any monies theres too many forex scams out there now so we thought this is best way going forward) as to get people on board i think this is the correct minimum amount as to entice people to try us out.

If you require anymore info or want to chat to the admin team you could always visit our site and send us an email or join our telegram group (t.me/bablefx) we have a few investors already which would be more than happy to chat with anyone who wants to know more.

Thanks for taking the time to read this and my apologies again if its in the wrong section or not allowed.
  • #2
  • Mar 18, 2020 8:22am Mar 18, 2020 8:22am
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It doesn't take time to see all the the testimonials on you website are fake. Amateur.
5 weeks demo. Amateur.
"The team met in 2016, and has a combined experience is more than 10 years of active trading", blah blah blah.


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  • #3
  • Mar 18, 2020 8:36am Mar 18, 2020 8:36am
Hi duxus you are quite right about the testimonials as I stated this is a new venture and the website is still being developed hence having dummy content, However this is why I have posted myfxbook links which are not fake! The only thing I can suggest is if you are certain we're a fake amateur group then follow our live account over the next few months you will soon see that we are in fact no amateurs, and considering the financial crisis going off at the moment and we're still making profits whilst maintaining incredibly low drawdown would suggest that we infarct do know what we're doing. Thank you for taking the time to read our post.
  • #4
  • Edited 10:05am Mar 18, 2020 8:37am | Edited 10:05am
This is our live link BTW just for your information.... http://www.myfxbook.com/members/babl...L0E1wg91rac1YR
  • #5
  • Mar 18, 2020 9:39am Mar 18, 2020 9:39am
Quoting jmenikz
This is our live link BTW just for your information.... http://www.myfxbook.com/members/babl...L0E1wg91rac1YR
User babl...L0E1wg91rac1YR wasnt found.
there is always, always another trade!!
  • #6
  • Mar 18, 2020 10:05am Mar 18, 2020 10:05am
Sorry please find attached our link......

http://www.myfxbook.com/members/babl...L0E1wg91rac1YR
  • #7
  • Mar 18, 2020 1:42pm Mar 18, 2020 1:42pm
Hi, just signed up on this forum to post a few questions. Sorry if it's a bit lengthy but I am a bit skeptical as you yourself mentioned that you guys are new in the live market.

I have previously invested with other EA service providers and have lost some money within a few weeks... Not saying that this would end up being the same but just worried from my past experiences. The main issue with all of those providers was that we were profiting but at the expense of loss in equity. Like for instance, with one provider, i made 20% in returns but my account was on 70% in equity. They had similar fees to yours at 30% charge and charged me $15 additionally per month. However, I stopped trading with them after a month due to the loss incurred. I was about to ask you guys about the hidden fees but just read your website (Great website btw) and it says that there are no hidden fees. I hope this is true.

My question to you is that, how would you combat this? If I was to invest with you guys (and that's a BIG IF at this point as I probably wouldn't unless I see long term live results), would my account have 10-20 open trades left over for weeks if they head the wrong direction?

Also, one more question is that, can we withdraw our funds any time we wish? How does withdrawal work? In the past services that I used, we weren't allowed to withdraw funds more than once per month. Can we just withdraw the 30% of our weekly profits to pay you guys or can I withdraw the entire 100% of my weekly profits and pay you guys 30%?

Sorry for too many questions and I understand if i don't get a full reply but would appreciate it if you have the time to address my concerns.
  • #8
  • Mar 18, 2020 3:51pm Mar 18, 2020 3:51pm
Hi firstly let me thank you for the signing up of forex factory its agreat forum BTW...

We charge only 30% of profits made and nothing else i think anymore than this would be daylight robbery, We charge this as theres 5 of us wokring together plus server fees to host the trade copiers and master accounts so in reality we dont make a large sum for helping people be financially free.

In all my months of backtesting this EA we have only ever encounted a large DrawDown of 19% using a very aggressive set this was for testing purposes only we wanted to see if we revved this up would it sink the account well it didnt it returned over 100% over the month see attached image for proof of this.

Our EA also doesnt have much trades open at anyone time as the market will never all be ready to trade and trade positively at the same time we run 10 pairs on £1000 accounts lot size 0.01 £2000 on 17 pairs and £3000+ on all 28 pairs whilst still maintaing lot size 0.01, Another thing to take note is is that we dont allow trades to run over the weekend this although not required of bable as DrawDown is low already lowers DrawDown even more its not just an EA working its quite a bit of human input too on our side like i said were no AMATEURS as someone quoted.

Lastly but not least the broker is in your name your money is in your broker account so therefor you have full control of deposits and withdrawals.
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  • #9
  • Edited 3:15am Mar 19, 2020 2:55am | Edited 3:15am
Quoting duxis
{image} It doesn't take time to see all the the testimonials on you website are fake. Amateur. 5 weeks demo. Amateur. "The team met in 2016, and has a combined experience is more than 10 years of active trading", blah blah blah. {image}

  1. Fake reviews.
  2. Tiny live account with a few days history.
  3. All stats closed.


mmmmmmm....what could possibly go wrong.

  • #10
  • Mar 19, 2020 3:30am Mar 19, 2020 3:30am
Quoting jmenikz
Hi firstly let me thank you for the signing up of forex factory its agreat forum BTW... We charge only 30% of profits made and nothing else i think anymore than this would be daylight robbery, We charge this as theres 5 of us wokring together plus server fees to host the trade copiers and master accounts so in reality we dont make a large sum for helping people be financially free. In all my months of backtesting this EA we have only ever encounted a large DrawDown of 19% using a very aggressive set this was for testing purposes only we wanted to...
"BableFx does not accept deposits we work on sending signals to and from your own trading account broker of your choice of course you dont pay anything until you have made a profit with us which you can see from the results is on a daily basis, you are then invoiced for 30% of profits on a weekly basis."

would that be industry typical? or hit and run?
HWM?
as for max dd, myfxbook notoriously suck with intraday (worst max) dd calculation.chances are whatever myfxbook shows for dd, the reality is likely somewhat ( or a lot) worse.
there is always, always another trade!!
  • #11
  • Mar 19, 2020 3:49am Mar 19, 2020 3:49am
Quoting Oliver_Chart
{quote} Fake reviews. Tiny live account with a few days history. All stats closed. mmmmmmm....what could possibly go wrong.

The live account has a few days history....The demo nearly a full 5 weeks. The myfxbook account is restricted as to not allow people to copy the trades.
  • #12
  • Edited 4:13am Mar 19, 2020 4:02am | Edited 4:13am
Quoting profitfarmer
{quote} "BableFx does not accept deposits we work on sending signals to and from your own trading account broker of your choice of course you dont pay anything until you have made a profit with us which you can see from the results is on a daily basis, you are then invoiced for 30% of profits on a weekly basis." would that be industry typical? or hit and run? HWM? as for max dd, myfxbook notoriously suck with intraday (worst max) dd calculation.chances...
Heres more results from other accounts we have rather than people be so negative why dont you sit back and watch it a few months as were not going anywhere guys were here to stay and if we was a hit and run type of company wouldnt we be taking peoples deposits into our own accounts wouldnt we? You dont make sense as in the sense of hit and run?

The drawdown is real but i think myfxbook does it over 7 days so maybe a little higher than suggested not much though, the trade win ratio is also real heres 2 more links with even more results but different versions of the EA by all means look at trades were not trying to hide or trying to con people we dont want the accounts copying.

(VERSION 1.52 AGGRESSIVE) http://www.myfxbook.com/members/jmen...9AJ7tCoPsvD3SX
(ACTUALLY VERSION 1.54 IGNORE URL) http://www.myfxbook.com/members/jmen...NNDOGLrGvfIF9M

so you see we are transparent we havnt been live long so thats why were looking for investors now so they can see our progress and like ive already said the site is still in development so it has dummy content i am going to replace the testimonials with real testimonials but for now i think our results are enough to prove were heading in the right direction, And should also be enough to get people talking and obviously keeping track our accounts.
  • #13
  • Mar 19, 2020 7:03am Mar 19, 2020 7:03am
Quoting jmenikz
Hi firstly let me thank you for the signing up of forex factory its agreat forum BTW... We charge only 30% of profits made and nothing else i think anymore than this would be daylight robbery, We charge this as theres 5 of us wokring together plus server fees to host the trade copiers and master accounts so in reality we dont make a large sum for helping people be financially free. In all my months of backtesting this EA we have only ever encounted a large DrawDown of 19% using a very aggressive set this was for testing purposes only we wanted to...

Thanks for the reply. I sense a lot of hostility towards your team already but to be fair, it is expected as your live account is relatively new. However, I won't be judging the book by its cover just yet. I took some more time to thoroughly go through the website, I definitely like your policies so far regarding the withdrawals, no hidden fees and transparency about risk to capital which we all know is true. We cannot be risking nothing and making abundance in return. It would definitely be best if you guys remove the dummy content as it does no one any favours lol. So that's it for the positives but I think it is way too early for me to be converted. I will study your live account for some more time for coming to a conclusion. We all start somewhere and I really really hope that this is the real deal.

Do you guys offer the option for your investors to talk amongst each other? Like a group chat perhaps? Or do you seclude them all? Do you guys have some kind of forum as it would help me feel more secure if I can converse with other investors as well!
  • #14
  • Mar 19, 2020 7:39am Mar 19, 2020 7:39am
Quoting jmenikz
{quote} Heres more results from other accounts we have rather than people be so negative why dont you sit back and watch it a few months as were not going anywhere guys were here to stay and if we was a hit and run type of company wouldnt we be taking peoples deposits into our own accounts wouldnt we? You dont make sense as in the sense of hit and run? The drawdown is real but i think myfxbook does it over 7 days so maybe a little higher than suggested not much though, the trade win ratio is also real heres 2 more links with even more results but...
OK, to make more sense to you re: "hit and run" -----> wanting to get paid weekly for signals sends the message that you dont trust that things will last. simple.
industry payout range from monthly to quarterly.

as for sit back and watch account....refer to above. obviously you have not choose that. cart before the horse. you could wait for some track record to build up, 5 full weeks of demo is more of a joke ( and i dont want to hurt your feelings with this comment; it is just a fact), and 5 days of live is even more so.
servers and master accounts you are talking about, but between a supposed 5 of you, this is the best you can show.
and fake testimonials.
creative? not really.
if anything you could just offer a free signal to a few traders in exchange for testimonials, but of course who would trust real money for a few weeks demo.
again, nothing against you in particular.

yeah, ppl talk about your offer. not sure your preferred/intended attention though. but whatever.
promise my last comment until end of the year...if your account last that long ( the live) i will be back to congratulate you!
there is always, always another trade!!
  • #15
  • Mar 19, 2020 8:22am Mar 19, 2020 8:22am
Ok i understand your hit and run comment now and the reason for this is it costs us to use trader copiers and servers so if we invoice weekly we can keep costs going forward to a minimum.

we have posted here our live fxbook in order for people to follow and see for themselves the track record build up, we dont need to be creative really as results will speak for themselves.

theres plenty of free signal services out there that people can follow i dont feel we need to do this and probably wont be looking at ths going forward, beleive me theres plenty of people who will trust real monehy on demo and fair play to them in business to have to take risks to be successful name me one business on this planet that hasnt taken a risk to get where they are today?

Negative or positive talk is good enough for me it gets people wondering about our product, I will of course remember your name in decemeber when you speak to us and congratulate us like i said were here to stay.
  • #16
  • Mar 19, 2020 10:09am Mar 19, 2020 10:09am
Quoting harper84
{quote} Thanks for the reply. I sense a lot of hostility towards your team already but to be fair, it is expected as your live account is relatively new. However, I won't be judging the book by its cover just yet. I took some more time to thoroughly go through the website, I definitely like your policies so far regarding the withdrawals, no hidden fees and transparency about risk to capital which we all know is true. We cannot be risking nothing and making abundance in return. It would definitely be best if you guys remove the dummy content as it...
Yeah theres always going to be some kind of hostility as theres thousands of people out there ripping people off so i understand to be fair, the website still isnt completed yet still working on it in the background hoping to have it complete very soon.

The live account is new but our background in forex goes back some...... We try and aim for 1% per day which is sufficient in the forex world for mega gains sometimes its less sometimes its more.

We have a group chat on telegram (t.me/bablefx) for people to join in on the chat so please feel welcome to join.
  • #17
  • Mar 19, 2020 11:32am Mar 19, 2020 11:32am
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jmenikz, harper84 and the fake review snowflake write all in the exact same style.
  • #18
  • Mar 19, 2020 12:08pm Mar 19, 2020 12:08pm
Quoting Braveheart90
{image} jmenikz, harper84 and the fake review snowflake write all in the exact same style.

What are you talking about???? there are a lot of idiots on this site if nothing positive to say then say nothing at all! People can never be happy for anyone wihtout slating people, who the heck are you referring to as their the same people!!!! GROW UP! is there a forum ADMIN here who can deal with this idiot and see what i.p and browser that I and Harper are using as i can assure you i dont know who this person is and quite frankly are sick of the axxxholes commenting, im sure theres plenty of nice people on here.
  • #19
  • Mar 19, 2020 1:53pm Mar 19, 2020 1:53pm
Quoting Braveheart90
{image} jmenikz, harper84 and the fake review snowflake write all in the exact same style.
Lol, he already mentioned that his reviews were dummy content. To be honest, almost all testimonials usually are written by website makers themselves or influenced somehow or the best of the bunch are selected to be shown on the website. One has to be stupid to believe in those to judge a website's service. Have a look at the live account instead. I am going to do the same. Honestly, I am hoping it works out for a month atleast, otherwise I am out of here lol.

Quoting jmenikz
{quote} Yeah theres always going to be some kind of hostility as theres thousands of people out there ripping people off so i understand to be fair, the website still isnt completed yet still working on it in the background hoping to have it complete very soon. The live account is new but our background in forex goes back some...... We try and aim for 1% per day which is sufficient in the forex world for mega gains sometimes its less sometimes its more. We have a group chat on telegram (t.me/bablefx) for people to join in on the chat so please feel...

Thanks! Will join later on after work. Not familiar with telegram though, hope it's easy to use. If you guys can actually deliver 1% a day on your LIVE (Not demo) account consistently with low drawdown, I would be definitely be convinced that you guys are the real deal. Till then, I will remain skeptical, of course for obvious reasons. Don't want to get impatient and invest money just yet as I have gotten screwed over by a few EA service providers before. But yeah, I will definitely check the telegram thing out and hopefully ask a few more questions and read what your members have to say about it too!
  • #20
  • Mar 19, 2020 3:27pm Mar 19, 2020 3:27pm
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